Chapter 1 Preface Chapter 2 A Crisis of Trust Part 3 Private and Public Actions in Response to the Enron Collapse Chapter 4 Major Private Responses Chapter 5 Political Responses to the Enron Scandal Part 6 Accounting Chapter 7 Don't Count Too Much on Financial Accounting Chapter 8 Corporate Accounting Before and After Enron Part 9 Auditing Chapter 10 Don't Count Too Much on Auditing Chapter 11 The Formal Audit Process Chapter 12 The Market Analysts Chapter 13 Public and Private Rule Making in Securities Markets Chapter 14 Should Congress Repeal Securities Class-Action Reform? Chapter 15 The Business Press as a Corporate Monitor Chapter 16 Lawyers as Corporate Monitors Chapter 17 Bankers as Corporate Monitors Chapter 18 The Credit Rating Agencies Chapter 19 The SEC as a Corporate Monitor Part 20 Taxation Chapter 21 The General Problems of the U.S. Tax System Chapter 22 Compensation, Journalism, and Taxes Chapter 23 Replace the Corporate Income Tax with a Cash-Flow Tax Part 24 Corporate Governance Chapter 25 Corporate Governance Part 26 Major Policy Lessons From the Collapse of Enron Chapter 27 Major Policy Lessons from the Collapse of Enron Chapter 28 Index
William A. Niskanen has been the chairman of the Cato Institute since 1985, following service as a member and acting chairman of President Reagan's Council of Economic Advisors. He had previously served in two other federal positions, as director of economics of the Ford Motor Company, and as a professor at the University of California at Berkeley and Los Angeles. He currently resides on Capitol Hill in Washington, D.C. with his wife, Kathryn.
Niskanen (chairman of the Cato Institute) presents the second book
to result from his organization's project assessing the major
policy lessons to be drawn from the collapse of the energy giant
Enron....This collection of 20 papers consider broader issuers of
corporate governance and regulation, including accounting problems
and their alternatives, the failure of the entire Enron auditing
chain, provisions of the tax code that influence the character of
executive compensation and promote the conditions leading to
backruptcy, and corporate governance rules that have shifted power
to corporate managers relative to shareholders over the past few
decades.
*Reference and Research Book News*
This is a stimulating and insightful view of the weaknesses of
corporate governance and their monitors, and of government policy
related to recent corporate scandals. Recommended.
*CHOICE*
After Enron should be read by all those interested in the
regulatory state and the workings of the market place.
*European Policy Forum*
The big question in corporate governance these days is whether the
pendulum has swung too far in the direction of regulation. It comes
as no surprise to learn that the Cato Institute, the
libertarian-minded Washington think tank, thinks it has. Cato has
laid out its case in a book of short, accessible essays titled
After Enron....It forces those of us who welcome most of these
regulations to think hard and critically about them.
*The Review of Higher Education*
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